These Analysts Boost Their Forecasts On Shopify After Strong Q2 Results
These Analysts Boost Their Forecasts On Shopify After Strong Q2 Results
"We drove strong growth in GMV, revenue, and gross profit, all amidst a mixed consumer spend environment, continued to take share and concurrently expanded our free cash flow margin," said Jeff Hoffmeister, CFO of Shopify.Shopify Inc. (NYSE:SHOP) reported better-than-expected second-quarter earnings and issued optimistic outlook for the third quarter on Wednesday.
周三，shopify股份有限公司（NYSE:SHOP）报告了超出预期的第二季度盈利，并对第三季度发表了乐观的展望。
Shopify reported a strong second quarter, with revenue growing 21% year-over-year to $2.05 billion, beating the analyst consensus estimate of $2.01 billion. Adjusting for the sale of its logistics businesses, revenue grew by 25% year-over-year. The company also reported an adjusted EPS of 26 cents, surpassing the analyst estimate of 20 cents.
Shopify报告显示，第二季度表现强劲，营业收入同比增长21％，达到了20.5亿美元，超过了分析师预期的20.1亿美元。调整物流业务销售后，营收同比增长25％。公司还报告了每股调整后的收益为26美分，超过了分析师预测的20美分。
For the third quarter of 2024, Shopify expects revenue to grow at a low-to-mid-twenties percentage rate on a year-over-year basis. The company anticipates a 50 basis point improvement in gross margin compared to second-quarter 2024 and projects GAAP operating expenses to account for 41% to 42% of revenue.
对于2024年第三季度，shopify预计营收将同比增长低到中等的二十多个百分点。该公司预计与2024年第二季度相比，毛利率将提高50个基点，并预计GAAP营业费用占营收的41％到42％。
"We drove strong growth in GMV, revenue, and gross profit, all amidst a mixed consumer spend environment, continued to take share and concurrently expanded our free cash flow margin," said Jeff Hoffmeister, CFO of Shopify.
"在消费者支出环境复杂的情况下，我们实现了毛商品交易量、营收和毛利润的强劲增长，继续扩大市场份额并同时扩展了自由现金流利润。" Shopify的首席财务官Jeff Hoffmeister表示。
Shopify shares gained 17.8% to close at $63.89 on Wednesday.
周三，Shopify股价上涨17.8％，收于63.89美元。
These analysts made changes to their price targets on Shopify following earnings announcement.
这些分析师在发布财报后对Shopify的目标股价进行了调整。
Morgan Stanley analyst Keith Weiss maintained Shopify with an Overweight and raised the price target from $80 to $85.
摩根士丹利分析师Keith Weiss维持对Shopify的看涨，并将目标股价从80美元上调至85美元。
Truist Securities analyst Terry Tillman maintained Shopify with a Hold and raised the price target from $55 to $65.
Truist Securities分析师Terry Tillman维持对Shopify的持有，并将目标股价从55美元上调至65美元。
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